How to Sell a House You Inherited in Long Island – the reality behind probate

Selling an inherited home in NY is not as easy as people think! Read on to learn how to sell a house you inherited in Long Island NY…

First of all, there is always that emotional bit of preparing a loved one’s house ready for sale – which most likely includes depersonalizing his or her rooms and also clearing out all the belongings… Then there is the cost of marketing the house in order to attract potential buyers.

Usually heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise.

Therefore we at Comax Properties have compiled a few points that should help steer you in the right direction, if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Long Island, without having to sweat much.

Making the probate process go smoothly

Get some advice

The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too of course. We can also give you a fair deal for your inherited local Long Island house if it qualifies. Fill out the form here to get started.

Next Step: Begin the probate process in Long Island

Before you embark on the selling process, your house must go through a probate. Most countries allow for a summary probate – which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Long Island, you can then put it on the market.

Tax consideration

The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.

How to sell a house you inherited in Long Island

Agreeing to sell

If you are ready to sell your house in Long Island, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from the there. Problems always arise when siblings who share the inheritance have different views – for instance others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.

Preparing to sell

A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. You will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Long Island “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.

Here at Comax Properties however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in Long Island, repair and fix them up and either rent them out or sell them to someone else looking for a great deal.

If your local Long Island house meets a few simple qualifications, we can buy your house fast.

You can fill out the form or pick up the phone and give us a ring anytime at 516-704-7025

My name is Joe Cordes and I am the owner of Comax Properties, a local real estate solutions company. We're dedicated to helping Long Island homeowners who need a solution for their house or mortgage trouble. If you need to sell a house in Long Island call me at 516-704-7025 so we can talk about your specific needs.

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Testimonials

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I’ve been working with Joe for a few years now and in a sea of sameness he stands apart because he’s authentic and has integrity. Those two attributes mean he does what he says and truly cares for people. There aren’t many businesses out there like this anymore!

Kate Hall, Washington DC

Comax Properties

I first met Joe from Comax Properties when he helped out some of my clients, who were being foreclosed on and needed to sell their house via short sale. He was easy to work with and throughout the entire process, he was extremely professional, straightforward and respectful of my client’s wishes and needs. Most importantly, he was honest and did exactly what he said he was going to do, which relieved much of the stress my clients were feeling about the short sale process.

Paul Pace, Smithtown, NY

Comax Properties

I have been a Realtor for 23 years and have been working with Joe Cordes for about 1 year. I recently listed a house he just renovated. He made my job very easy with his house. I have sold well over 500 homes in my career and have sold dozens of investors’ homes. I can honestly say that this was the best renovated home out of all the investor homes I have sold. When negotiating his house, he decided to go with an offer that was $10,000 less than another offer. I asked why this one? He advised, ” This buyer just lost her husband and was in a tough spot. She was forced to sell her present home and buy another to cut her expenses.” The buyer had some requests to make some changes to the house. Joe took care of those changes for her, at his cost. Joe is one of the good guys and I am happy to leave him this review!

Stephen Lee, Haupauge, NY

Comax Properties

Joe really helped us out of a property that was tying us up. His references were solid, and he personally walked us through the process. Now I have weight off my shoulders and cash in my pocket. Highly recommended!

Mike McMan, San Diego, Ca

Comax Properties

I had a great experience working with Joe from Comax Properties with a house I owned in Hempstead NY. He was extremely professional and honest and did exactly what he said he was going to do. He was always very courteous and was an absolute pleasure to deal with. I would highly recommend Comax Properties

We are a real estate solutions agency that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer. We also offer free foreclosure and short sale advise and assistance.